AMD Outlook Underwhelms Investors
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Nvidia CEO Jensen Huang has projected that AI infrastructure spending will reach $3 trillion to $4 trillion by the end of the decade. After a slate of multiyear, multi-gigawatt deals between OpenAI with AMD,
Advanced Micro Devices (AMD) forecasts higher-than-expected Q4 revenue, driven by demand for AI chips. With investments from companies like OpenAI and the U.S. Department of Energy, AMD expects $9.6 billion in revenue.
Advanced Micro Devices said Tuesday its revenue rose 36% to $9.2 billion in the third quarter, beating its earlier projection by 8 percentage points. But AMD also projected revenue in the current quarter would rise 25% to $9.
Big Tech earnings results show demand for AI compute is outstripping supply, and the willingness to spend bodes well for Nvidia, AMD and Broadcom, a Cantor analyst says.
Even though the costs of keeping up with demand have impacted Nvidia's bottom line, its $45 billion in net income in the first half of the year still rose by 43%. Such growth levels make a 59 P/E ratio easier to justify, even for more conservative investors.
Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses
Advanced Micro Devices Inc. delivered sharp increases in both profit and revenue today as it pushed deeper into the artificial intelligence data center market, but its stock headed lower in late trading after its profit margin guidance disappointed investors.
We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed. Advanced Micro Devices,
Advanced Micro Devices, Inc. partners with OpenAI in a landmark AI deal, boosting growth prospects and challenging Nvidia. Click here for my AMD stock update.
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